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5141  Bitcoin / Bitcoin Discussion / Re: If you knew who is Satosni on: November 28, 2017, 11:49:10 PM
would you keep it to yourself or would you share the information? Are you of the opinion that he might be in danger if his identity were to be revealed?

Would you share your private key?
5142  Bitcoin / Bitcoin Discussion / Re: Is holding bitcoin Greedy? on: November 28, 2017, 11:46:13 PM
IF YOU ARE WORRIED ....

If you think you are greedy...

I am here to help. Just give them to me.

5143  Bitcoin / Bitcoin Discussion / Re: $10K bitcoin: It is now official on: November 28, 2017, 11:44:12 PM
Yeah congratulations on that but I have you guys noticed that after having the total circulating supply almost the same as previous month, the bitcoin is raising in its price. I mean that’s surprising,  there has to be different deciding factor this time because the demand and supply calculation doesn’t fit right this time. I’m watching the market and it looks like on,y market cap is increasing. So people are buying bitcoin from somewhere else rather than mined sources? Is it true speculation or there is some different story. Please quote me for right answer. I wanna know the exact thing here.
300k new Coinbase users in the last month, they are competing on the demand side.

Supply is inelastic.
5144  Bitcoin / Development & Technical Discussion / Re: what about optional degressive fees? on: November 27, 2017, 09:21:46 PM
It seems to me like you are proposing something like a reverse locktime.

only on the fees!

so the value of the fees decreases with time (it wasn't clear in my post?)

Oh no, it was clear. I am just saying that it would make more sense to add the whole OP code as a soft fork then to do a hard fork to make it only for the fees.
This way we wouldn't have to do a hard fork and would get a new feature.

We could leave  the code with the maximum freedom/options for the users. No need for a hard fork. No?

Yes, this would require a soft fork tho. Soft forks are different then hard forks as they allow people to use the old software that is compatible with the new, but is just lacking a certain feature. This would be one of those features.

Although a hard capitalist some vicious side of my nature calls for a negative fee for some of these miners....

Wink
5145  Bitcoin / Development & Technical Discussion / Re: Newly Generated Wallet has Bitcoin in balalnce on: November 27, 2017, 09:16:02 PM
There should be a rule that says that unless your discovery of a newly generated address with coins on it happened in Bitcoin Core then chances are your software is shit and there's something wrong with the code.

Everyone that has been using the native client since day 1 has never had one of these so called collisions. It just hasn't happened. You have more chances of getting hit by an asteroid tomorrow during your commute to your job than you'll ever have chances to get a legitimate collision, literally speaking.

Well, sometimes it does go deeper than your own code:

https://bitcoin.org/en/alert/2013-08-11-android

Either way, if a user comes across such a "collision" they should definitely report it -- albeit rather by contacting the devs directly instead of posting on a public forum.

Also I will now blame you for my newfound phobia of rocks falling from the sky.

Look, there is the android RNG problem you mention, there was a similar one that enabled the Sony playstation hack, there are others. A dysfunction random number gen is a direct enabler of back door entry and of password decryption.

In practice there isn't any difference between active insertion of defective RNG and accidental actions as the end result is the same, an insecure system capable of being successfully attacked.

An address with funds in it on loading a wallet is glaring evidence of the existence of a problem with the wallet, but not of the cryptographic system.
5146  Economy / Trading Discussion / Re: Is Holding Bitcoin a long time good way to make money? on: November 27, 2017, 04:19:14 AM
Holding of bitcoin is always good...

Of course, sometimes, the price of Bitcoin has dumped a lot of value by some reason within short time and long time.

Invest only what you can afford to lose, and do not borrow to invest.

Wait five years.

On November 26, 2022 respond to this post on this forum, and tell us how you did.

Seriously.
5147  Bitcoin / Electrum / Re: transferring bitcoin from mycelium to electrum on: November 27, 2017, 04:04:13 AM
ok will be keeping all these suggestions in my back pocket for the future. I was able to finally figure out how to do it using the sweep function in electrum.

Sweeping from Mycelium into Electrum:
1. Go to https://iancoleman.io/bip39/
2. close down the internet. You can also download the html, but still close down your internet after you download it.  Run it on a computer with no internet or make sure it's completely shut off.
3. enter in BIP39 Mnemonic
4. let it calculate
5. Take the first private key under derived addresses
6. Sweep it into Electrum
7. Broadcast it.

At this point the "offline computer" represents a security risk the minute it is turned back onto the internet.

At the very least check the actual code before you run it; better methods exist, depending on how secure you want to be.
5148  Bitcoin / Development & Technical Discussion / Re: Newly Generated Wallet has Bitcoin in balalnce on: November 27, 2017, 03:51:06 AM
Hello All,

Today I have generated new bitcoin wallet using NBitcoin and I found that it was having already balance present in it. Although balance is of 0.037296 BTC which is less but still I am not sure how I got wallet key which have already balance in it.

If its so then how we can say BTW is safe?

Please guide me.

What has likely happened here is that you have downloaded and installed a wallet that has been altered so that funds put into it could be stolen. This requires only that the perp generate a limited series of private keys that are known or discoverable to him. In the simplest case, each wallet installed would generate the same keys, and he would have a script scanning the blockchain for funds in these addresses.

You have evidence of at least two wallets with the same key.

I suggest deleting the wallet, maybe print the private keys first so they can be studied. Then start fresh, first establishing that your computer is clean. Start fresh with a different wallet, one that you can download and validate the signature on.
5149  Bitcoin / Bitcoin Discussion / Re: How the hell is this worth more than gold and silver.. on: November 26, 2017, 12:37:22 AM
...
Why the fuck aren't your morons buying gold and silver like normal people when currencies are about to collapse world wide.. They can't keep propping up silver/gold paper contracts forever.. Its bound to bust wide open at some point.. There is 28,000 some odd uses for silver in industrial and medical areas.. Silver is severely being depleted world wide and thrown into landfills as unrecoverable..

I am seriously confused at the GD price of this btc... It has like no value at all.. none.. zero.. ....
Sell it all now and buy precious metals as fast as you can.. Or we will be chained to this tech forever.. In the worst possible ways..


Are you fucking kidding?
5150  Economy / Speculation / Re: Why the bitcoin price doesn't stop rising? on: November 26, 2017, 12:32:12 AM
The price keeps growing because every single day new people get interested enough, by word of mouth or media coverage, to buy bitcoin.

I think we will probably get another price correction before the end of the year, it seems like the price is growing a little bit too fast and people will want to grab profits before the holidays in my opinion.

That was the traditional idea of "investment," it was measured by fiat in and fiat out. But now with Bitcoin, we may see value not moving back to fiat. It may move sideways into other crypto coins, but not back to fiat.

At least in fair part.
5151  Other / Politics & Society / Re: Is Global Warming Real? on: November 26, 2017, 12:11:25 AM

I have measured the temperature, it is 37 °C  (98.6 °F) in my room, I live in a pretty shady area so the sun doesn't directly warm my room.

Outside the temperature according to local heat sensors + the meteorology service confirmed, it's 42 °C  (107.6°F) , the air on average. In sunny areas it can be as high as 50  °C  (122°F)

They have also forecasted 45-47 °C for this week in nearby locations as average temperature. In sunny spots it can be deadly heat.


And this is Europe for fuck sake, not the fucking desert. In the desert the temperature may even be 60  °C or higher.



It's a fucking oven, the skin burns off your body it's so hot.


Yet we see motherfuckers who are denying the global warming, how is this possible?

Here are actual recorded highest temperatures.

No it doesn't get to 60C or higher.

https://en.wikipedia.org/wiki/Highest_temperature_recorded_on_Earth
5152  Bitcoin / Development & Technical Discussion / Re: Evilness in the fees on: November 26, 2017, 12:04:10 AM
Quote
Maybe they already do that now.

The real problem is in the concept of the fees itself: paying fees don't make transactions go faster, it just makes individual transactions pass infront of others. Nothing absolutely wrong here. But it gives incentive to miners to keep the waiting line and this is wrong. Also it is only a short term profitable strategy as higher fees and higher profits will bring more miners and so then less profit. So it starts a vicious circle that worsen the problem we wanted to solve at first.

This is not the real picture actually, just think that if governments kick in and take the advantage of this by taking over the whole mining concept, it may go centralized and everyone will suffer which is a real threat to the whole community.

I corrected my first message to "The real problem is in the concept of the fees itself as it's done now. I'm not trying to say fees are evil".
I was just focusing on the dynamic of this free fee system and showing the vicious loop in this dynamic. Not trying to say fees are bad.

-----
I propose an example of implementation: https://bitcointalk.org/index.php?topic=2457763.0


Reminds me of a historical problem that in it's day was very serious.

How to make the trains run on time.
5153  Other / Politics & Society / Re: Why do islam hates people? on: November 24, 2017, 01:17:58 AM
In fact, Islam is a very beautiful religion. in a humanist approach, a religion that respects human beings and seeks to create a moral world.
Islam is badly known because of the Arabs...

...and other followers of the faith.

Finished your sentence for you.
5154  Other / Politics & Society / Re: Is Global Warming Real? on: November 24, 2017, 01:16:35 AM
Of course global warming is real.It is increasing day by day.In present we can see deserts are increasing.We have to do something to control this.

Global warming is one of the many reasons for increasing desertification around the globe. But the most important reason is overpopulation. Especially in regions such as Sahel and Thar, a lot of pressure is being exerted on the native vegetation as a result of grazing by cattle. Over-grazing causes the vegetation to deteriorate, and as a result the desertification is accelerated.

https://en.wikipedia.org/wiki/Desertification#Causes

The real and demonstrated causes of increased acreage of desert are so many, there is no need or benefit in joining a chorus of those who claim global warming is the cause.
5155  Bitcoin / Development & Technical Discussion / Re: Evilness in the fees on: November 24, 2017, 12:57:42 AM
The fees aren't a problem but the lack of block space is. I have proposed a way to scale the bitcoin network on chain https://bitcointalk.org/index.php?topic=2381234.0 , so far the development team is afraid to make radical moves. Meanwhile BCH and co. slowly but surely creep up https://coinmarketcap.com .

Doing something radical to counter Bitcoin Cash, will be more stupid now. Bitcoin Core has set a road map to work towards implementing the

Lightning Network as a total solution.
A lot of us might not like the direction this is going in, but it is definitely a better solution than just

kicking the can down the road with constant Block size upgrades.  Huh What did you propose?

Total solution?

No, it is just one idea.

It would be nice to be able to try it out, say on testnet.
5156  Bitcoin / Development & Technical Discussion / Re: Evilness in the fees on: November 23, 2017, 11:14:30 PM
It's only gonna get worse. The fees are rising every week. It's completely unsustainable and gonna end badly soon.
No it isn't and it won't.

The markets will readjust, over and over. The equilibrium points reached at what you see and will continue to see.
5157  Bitcoin / Bitcoin Discussion / Re: Is it worth to pay $8200 for 1 BTC if you are a newbie? on: November 23, 2017, 05:34:31 PM
Is bitcoin still a good investment for newbies? Is it worth to pay almost $8200 for 1 BTC today?

Yes. Because everyone should own 1 bitcoin. And there's a very limited number of people who can, due to the 21M limit of supply.
5158  Bitcoin / Armory / Re: Bitcoin Armory - Always offline - 4 years old account - can't access bitcoins on: November 23, 2017, 05:30:29 PM
Hi Guys

Wonderful! Now I know my account balance!

If I ever wanted to now sell these bitcoins how can I do that?

Are they stuck connected to this particular laptop and within Armory? Or can I somehow transfer to a new computer?

If I press ‘sell bitcoin’ on Armory, I can’t because it’s always offline.

I realise these questions are horribly dense! But thanks all the same!



Armory isn't an exchange, it doesn't sell bitcoins. Get an account with one of the exchanges, maybe coinbase.

Another option, which I recommend is to secure them at fresh addresses in a fresh wallet. You know you have them, where they are and how to access them. Then don't sell. Check again in a couple years.

Unrelated. Armory requires Bitcoin Core to co-exist and have an updated database. Are you on Mac or PC?
5159  Bitcoin / Bitcoin Technical Support / Re: Safe way to store many bitcoins? on: November 23, 2017, 05:17:40 PM
Hello everyone, I wanted to leave this question: What is the safest way to save a large amount of bitcoins? I mean a large sum of money. Take the necessary measures to avoid hacks, what kind of wallet to use. Also use a notebook dedicated only to that, what steps must be followed.

With the issue of transfers, do I have to give the same shipping address or to receive? xq if one has a large amount of money and all that is tracked, how do I take care of that?
I read but I understood very little about the wallets or hd addresses, can it be?

I hope someone can help me in this doubt. thank you very much.



Generate an offline / paper wallet and sent the bitcoin to there.

Use either a Paper wallet:

https://www.bitaddress.org/bitaddress.org-v2.3-SHA1-1d067dc4f3103622ca9de332c3c86fc57d76ec83.html
.....

That program was not intended to be used online. The concept was that a user would download the javascript, then turn his internet off, then run the script.
5160  Bitcoin / Development & Technical Discussion / Re: Detect importing private keys into wallet with seed? on: November 23, 2017, 05:12:26 PM
The only way to get recovery from seed to work would be to move all those funds from imported keys to keys generated from the seed.

This is probably the fastest and easiest solution.

Instead of trying to figure out if you are using any addresses that weren't generated from the seed, you could just generate new addresses, and then send your entire balance to the new addresses.  That way you would no for certain that none of the addresses were imported.

Yes. Of course nothing has value without verification and validation.

Here this consists of generating a new wallet from seed, and checking that the balance is the correct total. Simple.
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